NorthMarq Capital arranges $55 million in construction financing and joint venture equity for the Residences at Dania Pointe in Dania Beach, Florida

Residences at Dania Pointe

Debt & Equity

Multi-Tenant

TAMPA (October 9, 2018) – NorthMarq Capital’s Tampa regional office and Orlando regional office collaborated to secure a $35 million construction loan and $20 million in joint venture equity for the Residences at Dania Pointe, a 260-unit multifamily property located at South Bryan Road in Dania Beach, Florida. The debt was structured with a 5-year term followed by a 25-year amortization schedule. NorthMarq arranged the debt for the borrower through its relationship with a regional bank. The joint venture equity was provided through a Florida-based investment firm.

The residences at Dania Pointe is situated in the middle of the region's newest, open-air lifestyle community featuring more than one million square feet of retail, restaurant, office and hospitality uses.

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.